Analysts Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $25.50

Extreme Networks, Inc. (NASDAQ:EXTR) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.50.

EXTR has been the topic of a number of research reports. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. UBS Group set a $28.00 price target on shares of Extreme Networks in a research note on Thursday, April 30th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research note on Thursday, April 30th.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $25.60 on Monday. The company’s fifty day moving average is $18.58 and its two-hundred day moving average is $16.91. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. Extreme Networks has a 12-month low of $13.48 and a 12-month high of $25.84. The company has a market cap of $3.35 billion, a P/E ratio of 213.33, a price-to-earnings-growth ratio of 2.42 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company had revenue of $316.87 million for the quarter, compared to the consensus estimate of $311.48 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities analysts expect that Extreme Networks will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Katayoun Motiey sold 7,661 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $25.00, for a total value of $191,525.00. Following the transaction, the insider directly owned 183,782 shares of the company’s stock, valued at approximately $4,594,550. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 78,791 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $23.06, for a total transaction of $1,816,920.46. Following the completion of the transaction, the chief executive officer directly owned 1,818,479 shares in the company, valued at $41,934,125.74. This trade represents a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 297,182 shares of company stock valued at $6,448,528 in the last three months. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Extreme Networks

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extreme Networks during the 3rd quarter worth about $31,000. Rockefeller Capital Management L.P. increased its holdings in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,484 shares during the last quarter. CWM LLC increased its holdings in shares of Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after acquiring an additional 648 shares during the last quarter. Quarry LP increased its holdings in shares of Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Extreme Networks by 136.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,861 shares during the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

About Extreme Networks

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.